Simpson Thacher is representing Vanguard Renewables, a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure business, in its agreement to create an equally owned joint venture together with TotalEnergies to develop, build and operate Farm Powered® renewable natural gas (RNG) projects in the United States. TotalEnergies and Vanguard Renewables will advance 10 RNG projects into construction over the next 12 months, with a total annual RNG capacity of 0.8 TWh (2.5 Bcf).
Vanguard Renewables is a U.S. leader in farm-based organics-to-renewable natural gas production. The company currently operates 17 organics-to-renewable energy facilities with an annual capacity of more than 440 GWh (1.5 Bcf) of RNG. Looking beyond 2024, Vanguard Renewables plans to commission over 100 RNG projects by the end of 2028.
The Simpson Thacher team includes Chris May, Katy Lukaszewski, Mark Kunzman, Aaron King and Gavin Jaco (M&A); Lori Lesser and Chandler Gerard-Reimer (IP); Adam Arikat, Marcy Geller, Preston Irace and Sean Largey (Tax); Matthew Einbinder, Nicholas Baker and Charles Carroll (Credit); Andrew Blau, Scott Schilson and Ryan Kenny (Executive Compensation and Employee Benefits).